Downtown Homes with 55 - 5-9 Units Style

Are you looking for a vibrant and bustling neighborhood in Port Townsend, Washington? Look no further than Downtown, a lively and dynamic area that offers a unique blend of history, culture, and modern amenities.

Located in Jefferson County, Downtown Port Townsend is a charming neighborhood that attracts residents and visitors alike. With its prime location in the heart of the city, you'll find everything you need within walking distance. From boutique shops and art galleries to cozy cafes and award-winning restaurants, Downtown offers a diverse range of experiences to suit all tastes.

If you're in the market for a home with 55 - 59 units, Downtown has you covered. This style of housing is true to the neighborhood's character, offering a mix of apartment buildings and townhouses. Whether you're a young professional, a growing family, or a retiree looking for a low-maintenance lifestyle, you'll find options that cater to your needs.

Living in Downtown Port Townsend means being part of a close-knit community where neighbors become friends. The neighborhood hosts various events throughout the year, including art walks, farmers markets, and festivals, fostering a strong sense of community spirit.

With its rich history, stunning Victorian architecture, and proximity to the waterfront, Downtown Port Townsend offers a truly unique living experience. Don't miss out on the opportunity to be a part of this vibrant neighborhood and find your dream home with 55 - 59 units in Downtown Port Townsend.

Newest Downtown Homes with 55 - 5-9 Units Style

$1,195,000

2547568 MLS ⋅ ACTIVE Status

Opportunity to acquire a well-maintained, professionally managed, five-unit multifamily investment in the desirable Bayside neighborhood of North Everett — just blocks from the Everett Waterfront, and walking distance to Grand Ave Park and Downtown. The building sits on a corner lot, includes a stand-alone two-car garage and boasts amazing views from the top 2 floors. Tenants are professionally screened and have an exceptional history of on-time payments with virtually zero delinquency. The current ownership group has invested nearly $250,000 in capital improvements in the building including all-new double-pane windows, new roof, full exterior paint, extensive PEX plumbing upgrades and complete remodels of Units 1, 2, 3, and 4. The result is a largely turnkey asset in a high-demand rental corridor supported by Boeing, Naval Station Everett, Amazon, and a growing healthcare economy. Current cap rate of 6.26% with pro forma upside to 6.83% as the one remaining unrenovated unit is brought to market. Gross rental income of $96,360 annually with pro forma income of $103,260 or more. Great opportunity to capitalize on one of the highest demand housing markets in Everett.

2232 Hoyt Avenue, Everett

Listing courtesy of Opal Blue Real Estate, LLC.

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